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ProTradeSignals

Consider a short position in EURAUD with an entry point at 1.57424, a take profit level at 1.56265 for a potential profit of 118 pips, and a stop loss at 1.58361 to limit potential losses. The upper resistance level at 1.57444 suggests a potential downward movement of around 80 pips, with an additional potential downward movement of around 120 pips to the level of...

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Based on technical analysis, a short position in XAGUSD could be recommended following a bull trap at 21.500. The suggested entry point is 21.500, with a take profit level at 19.900 and a stop loss at 22.100. A bull trap occurs when an upward trend reverses course and leads traders to believe that the price will continue to rise, only to fall below a key support...

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Based on technical analysis, a long position in EURJPY could be recommended as the trend is expected to cross the nearest resistance line at 143.920 and potentially reach the last resistance line at 147.500. With the trendline approaching the nearest resistance level, traders could consider a long position to take advantage of the potential upward movement. The...

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A technical analysis of a trendline breakout and subsequent retest indicates that a short position on HG futures could be a favorable option at present. Copper prices dropped to their lowest point in almost seven weeks on Friday, due to a stronger dollar and weakened demand in top consumer China. The rising value of the dollar made metals more expensive for...

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According to technical analysis, a long position for AUDNZD could be considered a good idea at this time. The entry point for this position is 1.08820, with a take profit level of 1.09405 and a stop loss at 1.08617. Despite being down 0.8% for the week, the Australian dollar has found support around the 200-day moving average of $0.6801 and a major chart level at...

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This is a technical analysis for the USDJPY currency pair with a forecasted trade recommendation to sell. The entry point is at 1.43950, with a take-profit order set at 1.42619 and a stop-loss order at 1.44606. The forecast for the USDJPY currency pair is bearish, with a recommendation to sell the pair at 1.43950. The take-profit order is set at 1.42619, I'm...

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This is a technical analysis for the USDJPY currency pair with a forecasted trade recommendation to sell. The entry point is at 138.683, with a take-profit order set at 130.012 and a stop-loss order at 141.659. The forecast for the USDJPY currency pair is bearish, with a recommendation to sell the pair at 138.683. The take-profit order is set at 130.012,...

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USDCAD Analysis (Short)USD/CAD: Nervous Highs as Critical Data and Volatility Loom

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Buy CL at a price of 74.25, with a stop-loss order set at 73.50, and a take-profit order set at 75_40

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The NASDAQ has broken a key structural level while trading in an uptrend. This development has made me bullish, especially since the retest of the level is now complete. This indicates that a bullish continuation is likely to follow, and therefore, I would recommend going LONG🚀 on the asset. CME_MINI:NQ1!

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The price is going to jump as soon as it touches the 200 EMA line, which serves as a support line. Entry is at 1.34283, the stop loss is at 1.33142, and the take profit level is set at 1.36584, indicating a potential profit of 230 pips. OANDA:USDCAD

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Although the natural gas market is currently in a bearish trend, I anticipate a short-term price rebound to test the resistance line around 2.350, followed by a continued bearish trend until new support is found in the 2.100-2.050 line. Looking further ahead, a renewed breakout of the 2.350 and 2.600 resistance lines is expected in early March, leading to a...

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Despite the current downward pressure on the price of natural gas, it is expected to rebound towards the support level which has now turned into a resistance level, but may subsequently resume its downward trend. This could potentially create an opportunity for quick profits

ProTradeSignals

Bearish pressure is expected to persist in the coming days or week due to increased natural gas production following a June explosion that shut down a Texas LNG facility. The facility is expected to take at least two weeks to become operational again, but bullish pressure may return once it does as well as if winter conditions return in late January or early...